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Connor, Clark & Lunn Investment Management Ltd. Top Holdings and 13F Report (2025)

About Connor, Clark & Lunn Investment Management Ltd.

Investment Activity

  • Connor, Clark & Lunn Investment Management Ltd. has $28.39 billion in total holdings as of June 30, 2025.
  • Connor, Clark & Lunn Investment Management Ltd. owns shares of 1,486 different stocks, but just 208 companies or ETFs make up 80% of its holdings.
  • Approximately 20.63% of the portfolio was purchased this quarter.
  • About 10.97% of the portfolio was sold this quarter.
  • This quarter, Connor, Clark & Lunn Investment Management Ltd. has purchased 1,383 new stocks and bought additional shares in 686 stocks.
  • Connor, Clark & Lunn Investment Management Ltd. sold shares of 447 stocks and completely divested from 235 stocks this quarter.

Largest Holdings

Royal Bank Of Canada
$1,425,523,754
Agnico Eagle Mines
$756,769,382
Shopify
$735,299,859

Largest New Holdings this Quarter

464286475 - iShares MSCI Emerging Markets Small-Cap ETF
$49,906,161 Holding
68390D106 - OR ROYALTIES INC.
$45,807,560 Holding
290876101 - Emera
$42,649,559 Holding
87241L109 - TFI International
$38,599,595 Holding
773121108 - ROCKET LAB CORP
$35,511,633 Holding

Largest Purchases this Quarter

Invesco MSCI USA ETF
4,487,218 shares (about $279.02M)
NVIDIA
1,004,632 shares (about $158.72M)
Canadian National Railway
1,019,914 shares (about $106.34M)
Meta Platforms
117,307 shares (about $86.58M)
Vertex Pharmaceuticals
190,842 shares (about $84.96M)

Largest Sales this Quarter

Enbridge
2,682,737 shares (about $121.73M)
Royal Bank Of Canada
622,316 shares (about $82.07M)
Thomson Reuters
393,976 shares (about $79.28M)
Waste Connections
383,926 shares (about $71.76M)
FirstService
393,276 shares (about $68.61M)

Sector Allocation Over Time

Map of 500 Largest Holdings ofConnor, Clark & Lunn Investment Management Ltd.

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
Royal Bank Of Canada stock logo
RY
Royal Bank Of Canada
$1,425,523,754$82,069,849 -5.4%10,809,4055.0%Finance
Agnico Eagle Mines Limited stock logo
AEM
Agnico Eagle Mines
$756,769,382$44,405,766 -5.5%6,347,8232.7%Basic Materials
Shopify Inc. stock logo
SHOP
Shopify
$735,299,859$26,196,623 -3.4%6,375,6192.6%Computer and Technology
Toronto Dominion Bank (The) stock logo
TD
Toronto Dominion Bank
$721,009,467$9,461,957 1.3%9,796,3852.5%Finance
Canadian Imperial Bank of Commerce stock logo
CM
Canadian Imperial Bank of Commerce
$665,460,416$2,615,452 -0.4%9,369,0302.3%Finance
NVIDIA Corporation stock logo
NVDA
NVIDIA
$561,654,450$158,721,810 39.4%3,555,0002.0%Computer and Technology
Invesco MSCI USA ETF stock logo
PBUS
Invesco MSCI USA ETF
$560,262,630$279,015,215 99.2%9,010,3352.0%ETF
Canadian National Railway Company stock logo
CNI
Canadian National Railway
$440,007,909$106,339,876 31.9%4,220,1501.5%Transportation
TC Energy Corporation stock logo
TRP
TC Energy
$432,256,204$27,308,997 -5.9%8,859,1561.5%Energy
Thomson Reuters Co. stock logo
TRI
Thomson Reuters
$431,358,598$79,277,046 -15.5%2,143,6841.5%Business Services
Microsoft Corporation stock logo
MSFT
Microsoft
$425,478,048$74,917,407 21.4%855,3871.5%Computer and Technology
Enbridge Inc stock logo
ENB
Enbridge
$397,638,314$121,729,508 -23.4%8,763,3561.4%Energy
Manulife Financial Corp stock logo
MFC
Manulife Financial
$384,408,778$18,167,310 5.0%12,015,0081.4%Finance
Waste Connections, Inc. stock logo
WCN
Waste Connections
$379,396,347$71,764,749 -15.9%2,029,6891.3%Business Services
Suncor Energy  Inc. stock logo
SU
Suncor Energy
$352,699,321$17,760,285 -4.8%9,404,5091.2%Energy
Canadian Pacific Kansas City Limited stock logo
CP
Canadian Pacific Kansas City
$342,439,751$54,455,506 18.9%4,318,5871.2%Transportation
Bank of Nova Scotia (The) stock logo
BNS
Bank of Nova Scotia
$327,469,551$22,323,167 -6.4%5,918,2751.2%Finance
Sun Life Financial Inc. stock logo
SLF
Sun Life Financial
$317,378,295$12,740,695 -3.9%4,766,4431.1%Finance
Brookfield Corporation stock logo
BN
Brookfield
$298,234,825$38,439,399 -11.4%4,815,6291.1%Finance
Apple Inc. stock logo
AAPL
Apple
$292,025,847$68,049,349 30.4%1,423,3361.0%Computer and Technology
Canadian Natural Resources Limited stock logo
CNQ
Canadian Natural Resources
$271,428,502$66,296,161 -19.6%8,630,3991.0%Energy
CELESTICA INC
$271,044,894$40,570,919 17.6%1,733,6861.0%COM
Franco-Nevada Corporation stock logo
FNV
Franco-Nevada
$248,186,590$31,997,361 -11.4%1,510,7200.9%Basic Materials
Cameco Corporation stock logo
CCJ
Cameco
$240,269,179$50,027,319 26.3%3,230,3600.8%Basic Materials
Wheaton Precious Metals Corp. stock logo
WPM
Wheaton Precious Metals
$233,648,171$11,783,850 5.3%2,596,4940.8%Basic Materials
Bank Of Montreal stock logo
BMO
Bank Of Montreal
$218,918,182$4,796,840 2.2%1,974,1630.8%Finance
Stantec Inc. stock logo
STN
Stantec
$205,926,095$20,664,001 -9.1%1,891,3430.7%Business Services
Alphabet Inc. stock logo
GOOG
Alphabet
$204,815,736$72,423,370 54.7%1,154,6070.7%Computer and Technology
Meta Platforms, Inc. stock logo
META
Meta Platforms
$204,010,290$86,583,124 73.7%276,4030.7%Computer and Technology
Fortis stock logo
FTS
Fortis
$198,744,590$36,460,188 -15.5%4,159,7530.7%Utilities
Kinross Gold Corporation stock logo
KGC
Kinross Gold
$188,478,719$14,916,297 -7.3%12,064,7480.7%Basic Materials
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$180,222,523$21,915,964 -10.8%821,4710.6%Retail/Wholesale
Imperial Oil Limited stock logo
IMO
Imperial Oil
$163,413,171$25,355,113 18.4%2,053,9890.6%Energy
The Descartes Systems Group Inc. stock logo
DSGX
The Descartes Systems Group
$155,381,387$17,189,120 -10.0%1,528,6280.5%Computer and Technology
Pembina Pipeline Corp. stock logo
PBA
Pembina Pipeline
$151,723,599$20,498,919 -11.9%4,038,2810.5%Energy
Netflix, Inc. stock logo
NFLX
Netflix
$147,091,378$73,223,628 99.1%109,8410.5%Consumer Discretionary
Lowe's Companies, Inc. stock logo
LOW
Lowe's Companies
$132,647,420$30,499,360 29.9%597,8610.5%Retail/Wholesale
JPMorgan Chase & Co. stock logo
JPM
JPMorgan Chase & Co.
$125,556,832$17,889,186 16.6%433,0890.4%Finance
Brookfield Asset Management Ltd. stock logo
BAM
Brookfield Asset Management
$125,293,892$4,139,408 3.4%2,262,3020.4%Finance
RB Global, Inc. stock logo
RBA
RB Global
$124,255,031$21,776,966 -14.9%1,168,8390.4%Business Services
DOORDASH INC
$123,861,661$44,168,183 55.4%502,4610.4%CL A
Pan American Silver Corp. stock logo
PAAS
Pan American Silver
$123,612,775$2,790,933 -2.2%4,353,5690.4%Basic Materials
Schlumberger Limited stock logo
SLB
Schlumberger
$114,889,884$50,069,934 77.2%3,399,1090.4%Energy
Marvell Technology, Inc. stock logo
MRVL
Marvell Technology
$114,047,662$12,247,234 12.0%1,473,4840.4%Computer and Technology
CGI Group, Inc. stock logo
GIB
CGI Group
$112,054,649$17,980,417 -13.8%1,066,3080.4%Computer and Technology
American Noble Gas Inc. stock logo
INFY
American Noble Gas
$109,957,743$19,801,325 -15.3%5,934,0390.4%Computer and Technology
Visa Inc. stock logo
V
Visa
$107,674,238$70,930,824 193.0%303,2650.4%Business Services
Caterpillar Inc. stock logo
CAT
Caterpillar
$105,560,122$5,923,696 5.9%271,9150.4%Industrials
HDFC Bank Limited stock logo
HDB
HDFC Bank
$104,657,540$3,565,845 3.5%1,365,0390.4%Finance
Intel Corporation stock logo
INTC
Intel
$104,604,730$36,754,413 54.2%4,669,8540.4%Computer and Technology
Alamos Gold Inc. stock logo
AGI
Alamos Gold
$104,104,441$52,040,244 -33.3%3,911,4700.4%Basic Materials
Broadcom Inc. stock logo
AVGO
Broadcom
$102,865,689$26,061,881 -20.2%373,1750.4%Computer and Technology
Sea Limited Sponsored ADR stock logo
SE
SEA
$102,114,173$1,498,318 -1.4%638,4530.4%Computer and Technology
BlackBerry Limited stock logo
BB
BlackBerry
$100,351,524$5,964,815 -5.6%21,815,6840.4%Computer and Technology
Vale S.A. stock logo
VALE
Vale
$98,691,916$13,200,988 -11.8%10,163,9460.3%Basic Materials
Roblox Corporation stock logo
RBLX
Roblox
$96,687,006$11,455,754 13.4%919,0780.3%Consumer Discretionary
Axon Enterprise, Inc stock logo
AXON
Axon Enterprise
$93,015,747$8,443,332 10.0%112,3460.3%Aerospace
Vertex Pharmaceuticals Incorporated stock logo
VRTX
Vertex Pharmaceuticals
$91,753,494$84,962,858 1,251.2%206,0950.3%Medical
ICICI Bank Limited stock logo
IBN
ICICI Bank
$91,148,320$9,158,826 11.2%2,709,5220.3%Finance
NetApp, Inc. stock logo
NTAP
NetApp
$88,676,770$41,507,405 88.0%832,2550.3%Computer and Technology
Morgan Stanley stock logo
MS
Morgan Stanley
$87,066,975$46,183,768 113.0%618,1100.3%Finance
Mastercard Incorporated stock logo
MA
Mastercard
$86,462,336$50,044,690 137.4%153,8640.3%Business Services
Taiwan Semiconductor Manufacturing Company Ltd. stock logo
TSM
Taiwan Semiconductor Manufacturing
$84,589,259$35,196,320 -29.4%373,4790.3%Computer and Technology
Restaurant Brands International Inc. stock logo
QSR
Restaurant Brands International
$81,292,407$7,593,578 -8.5%1,224,7210.3%Retail/Wholesale
Booking Holdings Inc. stock logo
BKNG
Booking
$81,141,988$2,883,042 -3.4%14,0160.3%Retail/Wholesale
ARISTA NETWORKS INC
$80,543,957$3,583,203 4.7%787,2540.3%COM SHS
Philip Morris International Inc. stock logo
PM
Philip Morris International
$79,786,418$5,552,415 7.5%438,0740.3%Consumer Staples
Advanced Micro Devices, Inc. stock logo
AMD
Advanced Micro Devices
$78,505,749$22,105,324 -22.0%553,2470.3%Computer and Technology
Tesla, Inc. stock logo
TSLA
Tesla
$78,226,634$25,145,330 47.4%246,2590.3%Auto/Tires/Trucks
Gildan Activewear, Inc. stock logo
GIL
Gildan Activewear
$77,885,381$22,401,230 40.4%1,579,6200.3%Consumer Discretionary
Teck Resources Ltd stock logo
TECK
Teck Resources
$76,054,279$47,771,498 168.9%1,879,4370.3%Basic Materials
Airbnb, Inc. stock logo
ABNB
Airbnb
$75,811,101$11,756,159 -13.4%572,8510.3%Consumer Discretionary
ATS Corporation stock logo
ATS
ATS
$75,603,313$12,537,875 19.9%2,369,0280.3%Industrials
Roku, Inc. stock logo
ROKU
Roku
$74,595,407$16,934,733 29.4%848,7360.3%Consumer Discretionary
Grab Holdings Limited stock logo
GRAB
Grab
$74,492,927$17,776,075 31.3%14,809,7270.3%Computer and Technology
BeiGene, Ltd. stock logo
BGNE
BeiGene
$73,346,968$2,757,904 3.9%302,9990.3%Medical
Berkshire Hathaway Inc. stock logo
BRK.B
Berkshire Hathaway
$73,225,941$55,320,945 309.0%150,7420.3%Finance
Unity Software Inc. stock logo
U
Unity Software
$73,014,957$5,904,558 8.8%3,017,1470.3%Computer and Technology
IQVIA Holdings Inc. stock logo
IQV
IQVIA
$71,735,914$19,022,847 36.1%455,2060.3%Medical
Alphabet Inc. stock logo
GOOGL
Alphabet
$70,820,493$12,310,899 21.0%401,8640.2%Computer and Technology
Pure Storage, Inc. stock logo
PSTG
Pure Storage
$69,869,415$19,586,701 39.0%1,213,4320.2%Computer and Technology
Vertiv Holdings Co. stock logo
VRT
Vertiv
$69,729,583$11,463,289 19.7%543,0230.2%Computer and Technology
Nutrien Ltd. stock logo
NTR
Nutrien
$68,659,122$285,417 -0.4%1,177,5260.2%Basic Materials
Embraer-Empresa Brasileira de Aeronautica stock logo
ERJ
Embraer-Empresa Brasileira de Aeronautica
$67,464,472$1,703,544 -2.5%1,185,4590.2%Aerospace
Verizon Communications Inc. stock logo
VZ
Verizon Communications
$67,109,260$22,612,772 50.8%1,550,9420.2%Computer and Technology
GRANITE REAL ESTATE INVT TR
$63,927,186$1,745,465 -2.7%1,257,5470.2%TR UNIT NEW
Carvana Co. stock logo
CVNA
Carvana
$63,871,105$62,186,642 3,691.8%189,5510.2%Retail/Wholesale
American Express Company stock logo
AXP
American Express
$63,780,689$32,874,398 106.4%199,9520.2%Finance
KB Financial Group Inc stock logo
KB
KB Financial Group
$60,702,081$9,035,016 -13.0%734,9810.2%Finance
Aercap Holdings N.V. stock logo
AER
Aercap
$58,689,540$1,025,622 -1.7%501,6200.2%Transportation
Chunghwa Telecom Co., Ltd. stock logo
CHT
Chunghwa Telecom
$58,417,758$6,366,180 12.2%1,253,3310.2%Utilities
Nutanix stock logo
NTNX
Nutanix
$58,225,265$8,376,372 16.8%761,7120.2%Computer and Technology
Target Corporation stock logo
TGT
Target
$58,141,942$43,920,854 308.8%589,3760.2%Retail/Wholesale
Copart, Inc. stock logo
CPRT
Copart
$55,727,229$53,557,305 2,468.2%1,135,6680.2%Business Services
BLACKROCK INC
$55,431,878$20,823,416 60.2%52,8300.2%COM
ArcelorMittal stock logo
MT
ArcelorMittal
$55,421,984$3,710,839 -6.3%1,754,9710.2%Basic Materials
Coinbase Global, Inc. stock logo
COIN
Coinbase Global
$55,040,950$108,652 0.2%157,0400.2%Finance
The Walt Disney Company stock logo
DIS
Walt Disney
$53,557,315$26,944,521 101.2%431,8790.2%Consumer Discretionary
Futu Holdings Limited Sponsored ADR stock logo
FUTU
Futu
$53,172,496$23,419,069 78.7%430,2330.2%Business Services
Bank of America Corporation stock logo
BAC
Bank of America
$52,607,679$36,493,847 226.5%1,111,7430.2%Finance

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